Working Capital Needs

Buying A Business

Refinance Debt

Equipment Acquisitions

Building Acquisition/Construction

Loans to Women and Minorities

Loan Application Checklist

Current Interest Rates

Loans In Your Area

Loan Payment Estimator

Lending To Empire Zone Businesses

Special Loan & Interest Rate Programs

 

Current Interest Rates

We have a variety of attractive floating and fixed interest rates. The interest rates are determined based on the type of loan and the collateral securing it. When we utilize a U.S. Small Business Administration guarantee to supplement our collateral, we may be able to offer you a lower interest rate.

Floating Interest Rates:
Our floating interest rates vary from Prime Rate to Prime Rate + 2.75%. During the term of your loan, the rate would adjust on a monthly basis as the Prime Rate changes.

Fixed Interest Rates:
Most of our loans have fixed interest rates because they are very competitive. Match the reason for your loan with the interest rates below:

Loan Purpose Repayment Term Current Interest Rates
Working Capital 3 to 5 Years 3 Years - 5.15% - 6.15%

5 Years - 5.70% - 6.70%

 
Equipment Acquisition
or Refinance
5 to 10 Years

5 Years - 5.70% - 6.70%

7 Years - 6.01% - 7.01%
10 Years - 6.46% - 7.46%
10 Year 504- 6.36%
  
Purchase/Construct or Refinance a Building 20 Years

10 Years - 6.01% - 7.31%

15 Years - 6.72% - 8.02%
20 Year 504 - 6.80%
  
Empire Zone Loans Up to 15 Years

Option of
Variable Prime plus 1%      Fixed -  Corresponding T-Bill + 400bp

  

Prime Rate is 5.25%

Interest Rates effective as of 4-28-08

The 504 Loan Program is the best for a Building Acquisition or Construction and Equipment with a useful life of greater than 10 years.

The Loan Payment Estimator
will make the loan calculations for you.